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Expansion of Renewables and Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans - Seite 2

Nachrichtenquelle: PR Newswire (engl.)
15.04.2021, 19:14  |  149   |   |   

Within the global grid battery energy storage market, Frost & Sullivan highlights a series of growth opportunities. Market participants should consider the following:

  • Solar photovoltaic (PV)-plus-storage: Already a reality in the US, with further prices decline for PV and batteries and upcoming regulations permitting hybrids in wholesale electricity markets, solar-plus-storage plants will be a major business opportunity for battery storage across the globe.
  • Co-located storage for conventional generation optimization: Hybridization of thermal power plants, and even hydropower plants, with storage is an emerging and attractive niche. System integrators and OEMs should assess this business opportunity to expand their project scopes and diversify businesses in line with energy transition trends.
  • Adjustable storage to leverage evolving regulation and market conditions: Product and systems design should be focused on scalable configurations that can be easily augmented in size and energy to power ratio and combined and aggregated behind a single power control system (PCS) to serve future potential applications with minimum disruption.
  • Optimization services for merchant battery storage: Powerful software combined with artificial intelligence, machine learning, and advanced price forecasting is vital for storage owners' and operators' merchant strategy success.

Electricity Market Modernization and Cost Reductions Powering the Global Grid Battery Energy Storage Market is the latest addition to Frost & Sullivan's Energy & Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Electricity Market Modernization and Cost Reductions Powering the Global Grid Battery Energy Storage Market

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Press Contact: 

Jaylon Brinkley
Corporate Communications     
+1 (210) 247 2481
jaylon.brinkley@frost.com

 

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Expansion of Renewables and Cost Reductions Drive Battery Energy Storage to Forefront of National Energy Plans - Seite 2 The global grid battery storage capacity is likely to grow to 135GW by 2030 from 8GW in 2020, says Frost & Sullivan SANTA CLARA, Calif., April 15, 2021 /PRNewswire/ - Frost & Sullivan's recent analysis on the global grid battery energy storage …

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